Ross Cameron, a guy with trading program ads all over youtube, claims to have turned a $600 Suretrader account into $42k in January of this year. He also claims to have made another $120k since then for the rest of the year. He shows recap trading videos each day, but never videos of live trades.

His "proof" is here:

https://www.warriortrading.com/verified-earnings-2017/

Obviously his claimed results seem slightly fishy to me. And if he was so good at trading why wouldnt he trade a much larger account and make way more money? (He made 220k the previous year, supposedly, but then cashed his entire account out to start the new year.)

Who here can spot how he is fabricating his results?

He just frontruns his subscribers. There are a few dozen chat gurus like him. Ross buys some momentum turd, puts it in his chat room, and all the subs pile in and he likely offers out immediatly. Turns out trading is easy if every time you enter a trade you get 25 monkeys market buying

Nothing all too secret here. I'm pretty sure he isn't fabricating his results. They're just created unethically

If he is a winning trader, his behavior could be explainable by:

a) He has a strategy that doesn't scale very well, so reducing his roll to $500 at the start of the year doesn't greatly reduce his profit margin.
b) (Much more likely) he makes substantially more selling his system than he could trading. going from $500 to $24k feels more attainable than going from $200k to $300k, and Mr. Cameron's main goal is to sell his system to suckers with $500.

If Mr. Cameron is not a winning trader and is instead a scammer:

c) He could have employed a strategy of opening five dozen accounts, loading each with $500, and achieving one big winner while busting 95% of them. The winner becomes "his account" for the purposes of selling the program.

This is rampant in Crypto

Yeh it looks like he sells his entire courseload for $4300
www.warriortrading.com/warrior-pro-info/

With money coming in like that, who needs to be a winning trader?

The best system is to find a sucker and sell them a system.

I figured this was the only explanation, but why is he not in prison for this with so much online exposure?

probably because of this sentence:

Im not a financial advisor, just a guy talking about .......

Frontrunning is a crime, its not something you can avoid by a disclaimer.

Front running is a crime when done by brokers against their clients (client order comes in, they buy before the client, pushing the price up). There's no law against recommending something you're in already, or selling when you feel like it. Like trading on unknown/insider information (which is not illegal at all except for specific situations - a duty must be owed), the law isn't actually that broad.

One of his months actually has his symbols traded - a bunch of ultra low market cap pennies. DFFN for example has a $19 million market cap.



If you were going to buy ahead of and then sell into 1000 subscribers, these are the stocks in which you'd do it.

Only if you know the buyers are coming in behind. If a broker gets an order to buy and buys for himself before filling the order then that is frontrunning. If a guru buys XYZ and then says he's buying XYZ and a bunch of fools follow he isn't breaking any laws. His frontrun is actually speculative.

I'm shocked that what hes doing is legal. Thanks for clearing that up.

There are a lot of unethical practices that are 100% legal. This should not be a surprise.

you see exactly the same with some crypto youtubers at the moment.

Scam.

Arent pump and dump schemes illegal? Whats the difference between what hes doing and pump and dump?

He isn't providing misleading information about how great XYZ is after he bought it. He's just telling people he made a ton of money in the market and that he just but XYZ - pretty much what some people do here on a much smaller scale.

All he is doing is buying stuff like CREG at 6.25, he puts offers at like 6.50+ and says "buying CREG" in his chatroom. His subs push the trade in his favor and frequently even lift his own offers.

In the pump and dump world the SEC really doesn't care about people being stupid, they really only intervene when people are being lied to.